Saturday, May 27, 2017

The Habitat Company Announces $16M Acquisition and Rehabilitation Investment in Affordable Housing Development in Chicago

Matt Fiascone
CHICAGO, IL – Chicago-based The Habitat Company, a leading U.S. multifamily developer and property manager, announced it has closed on the $16 million acquisition and rehabilitation of a 153-unit , single-room-occupancy community in Chicago’s East Garfield Park neighborhood.

Work to renovate East Park SRO has started, and is scheduled to be completed in May 2018.

“The Habitat Company started as an affordable housing developer 46 years ago, and while we are diversified in market-rate and condo management disciplines, we’re consistently looking to grow our affordable housing portfolio with meaningful projects,” said Matt Fiascone, president of The Habitat Company.

“Preserving the affordability of East Park SRO demonstrates how important public-private partnerships are to both provide affordable housing opportunities and link residents with the supportive services they need to become self-sufficient.”

For a complete copy of the company’s news release, please contact:

Kim Manning,, (312) 267-4527
Rebecca Boykin,, (312) 267-4523

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